v3.26.1
Going Concern Considerations
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Going Concern Considerations

(4) Going Concern Considerations

 

The Company has incurred operating losses since inception and currently does not generate sufficient revenue to sustain operations without external funding. As of the date of this report, the Company’s available cash is not sufficient to meet its projected working capital needs for the next twelve months. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

 

The Company is actively pursuing multiple capital formation strategies, including the issuance of preferred and common stock under both public and private offering structures, and intends to continue expanding commercial operations in precious metals recovery, tailings processing, and related activities. While management believes that these initiatives will support future viability, there can be no assurance that the Company will be successful in raising additional capital or generating sufficient operating cash flows.

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. Accordingly, the financial statements do not include any adjustments relating to the recoverability or classification of recorded asset amounts or the classification of liabilities that might result should the Company be unable to continue as a going concern.

 

Management’s plans to address the uncertainty include:

Ongoing consultant- and investor-funded equity placements, including the expected exercise of outstanding contractual purchase rights;

Execution of revenue-generating initiatives; and

Further cost controls and selective allocation of working capital to critical activities.

 

Management believes that its plans, if successfully implemented, may mitigate the conditions that raise substantial doubt about the Company’s ability to continue as a going concern; however, there can be no assurance that such plans will be successful. As a result, substantial doubt about the Company’s ability to continue as a going concern has not been alleviated as of the date of these financial statements.